Showing 1 - 10 of 223
, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …
Persistent link: https://www.econbiz.de/10013072592
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis …
Persistent link: https://www.econbiz.de/10013085985
. To illustrate these benefits, this paper shows how PSBSanalysis can be applied to assess risks to Indonesia's public …
Persistent link: https://www.econbiz.de/10012869289
This paper tests for evidence of contagion between the financial markets of Thailand, Malaysia, Indonesia, Korea, and …
Persistent link: https://www.econbiz.de/10013212114
Since the adoption of the inflation targeting framework by Bank Indonesia (BI), monetary policy communication has … focusing on its monetary policy press releases and monetary policy reports. The results show that Bank Indonesia has made …
Persistent link: https://www.econbiz.de/10012828234
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10014073466
This paper investigates empirically the drivers of financial imbalances ahead of the global financial crisis. Three factors may have contributed to the build-up of financial imbalances: (i) rising global imbalances (capital flows), (ii) monetary policy that might have been too loose, (iii)...
Persistent link: https://www.econbiz.de/10013131803
The effectiveness of the monetary policy transmission mechanism in open economies could be impaired if interest rates are driven primarily by global factors, especially during periods of large capital inflows. The main objective of this paper is to assess whether this is true for emerging Asia's...
Persistent link: https://www.econbiz.de/10013097282
Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that developing countries differ vastly in tax matters, and in ways that are less than...
Persistent link: https://www.econbiz.de/10013098586
This paper empirically investigates the effectiveness of monetary policy transmission in the Gulf Cooperation Council (GCC) countries using a structural vector autoregressive model. The results indicate that the interest rate and bank lending channels are relatively effective in influencing...
Persistent link: https://www.econbiz.de/10013098603